Question:

An investment is projected to generate a continuous revenue

Last updated: 8/7/2022

An investment is projected to generate a continuous revenue

An investment is projected to generate a continuous revenue stream at the rate of R(t) = 40,000 e⁰.⁰²ᵗ dollars/year for the next 3 years. If the income stream is invested in a bank that pays interest at the rate of 5.5%/year compounded continuously, find the total accumulated value (in dollars) of this income stream at the end of 3 years. (Round your answer to the nearest dollar.)